CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced that it has further delved to the world of gambling through another strategic acquisition. The equity that is private unveiled the purchase of Italian gambling operator and provider of payment solutions Sisal Group S.p.A. for the quantity of €1 billion.
Sisal ended up being launched in 1946 and has ever since then been supplying gambling that is numerous and payment solutions for gambling clients. It’s also interesting to see that the Milan-based business has get to be the first of its sort to run in Italy as being a Government Licensee. Sisal presently manages a lot more than 45,000 points of purchase situated all over the nation.
Although CVC Capital Partners has substantial past experience in the gambling industry, the private equity firm have not had existence in the Italian gambling market up to now. The organization is known for previously investing in major gambling that is UK-based William Hill. What is more, in March 2015, CVC Capital Partners acquired a big part stake an additional UK-based gambling company Sky Betting & Gaming. Of late, it was announced that the equity that is private would additionally buy German operator Tipico.
Commenting on the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group pointed out that they are happy with the chance to assist and invest in Sisal due to the fact Italian company has way back when founded itself as one of the market leaders in Italy and has been providing diverse entertainment options in the united states.
Mr. Mazza further noted that Sisal is in an position that is ideal secure development in different areas and they are looking forward to aid its group in consolidating the company’s ‘leadership within the re payments area,’ to carry on developing its online gambling platform, and also to innovate its retail company.
Sisal CEO Emilio Petrone commented that the CVC Capital Partners Milan group has completed ‘a great purchase.’ The executive further noted that his business is currently in a time period of growth and contains been enjoying excellent results for time now. Mr. Petrone added that with CVC Capital Partners as its new owner, Sisal will be able to exploit its potential up to a complete degree, hence becoming more competitive and stronger.
INTRALOT Extends Partnership with Pacific On Line System Corporation
Operator and provider of solutions for the international gambling industry INTRALOT announced it has extended its existing partnership with Pacific Online System Corporation, a general public business running the Philippines Charity Sweepstakes Office games. The brand new contract is legitimate through August 31, 2018.
This has been the 5th extension regarding the contract that is existing the 2 events because the establishment of their partnership back 2006.
Underneath the regards to the newly signed contract, INTRALOT would carry on providing its LOTOS online lottery system treatment for the gaming corporation. In addition, the Greek supplier would also offer a lot more than 1,200 lottery terminals and would link 800 more main devices over the points-of-sales network handled by Pacific on the web Systems Corp.
Commenting in the announcement that is latest, Willy Ocier, President of the video gaming business, said that the contract extension’s main goal is for the 2 organizations to build regarding the founded strong foundations and also to provide retailers throughout the Philippines because of the possibility to make use of innovative gaming technology that would help them improve lottery sales.
Mr. Ocier further noted that INTRALOT has become a partner that is valuable Pacific Online Systems Corp.’s endeavor to modernize the Philippine lottery landscape and because of the Greek company’s worldwide experience, they will have manged to help expand their operations.
Nikos Nikolakopoulos, Chief working Officer of INTRALOT, noted they are excessively excited by the chance to attempt such a long-term partnership with Pacific on the web Systems Corp. The state also noticed that they have been anticipating supporting their lovers in their seek to offer revolutionary and gaming that is proven, to optimize customer experience, also to improve sales.
Last week, INTRALOT announced its growth that is new strategy. The organization said so it is aimed at securing sustainable EBITDA enhance, solid cashflow, and quick reduction of net financial obligation through strategic transactions plus the introduction of novel services.
Recently, the Greek company finished the merger of its operations that are italian those of fellow video gaming business Gamenet. INTRALOT now holds a 20% stake in the blended entity. The company in addition has established so it would purchase a 49% share in Eurobet Bulgaria, the primary provider of lottery and scratchcards in the united states.